American Eagle Outfitters Inc (AEO)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,261,770 | 4,989,830 | 5,010,780 | 3,759,110 | 4,308,210 |
| Total assets | US$ in thousands | 3,557,910 | 3,420,960 | 3,786,640 | 3,434,810 | 3,328,680 |
| Total asset turnover | 1.48 | 1.46 | 1.32 | 1.09 | 1.29 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,261,770K ÷ $3,557,910K
= 1.48
The total asset turnover of American Eagle Outfitters Inc has shown a generally increasing trend over the last five years. The ratio increased from 1.29 in February 2020 to 1.48 in February 2024, indicating that the company is generating more revenue relative to its total assets.
A total asset turnover ratio of 1.48 in February 2024 means that for every dollar of total assets owned by the company, it generated $1.48 in sales revenue. This indicates that American Eagle Outfitters Inc is utilizing its assets more efficiently to generate sales.
The improvement in the total asset turnover ratio suggests that the company is effectively managing its assets to drive revenue growth. It shows that American Eagle Outfitters Inc is effectively using its resources to generate sales and indicates operational efficiency.
Overall, the increasing trend of the total asset turnover ratio for American Eagle Outfitters Inc reflects positively on the company's operational efficiency and ability to generate revenue from its asset base over the years.
Peer comparison
Feb 3, 2024